Lumber is zero-rated not exempted from VAT

Dear Editor,

I refer to our letter captioned “Lumber is exempted from VAT as it was from Consumption Tax” (07.01.16). We realize that our correspondence was not clear in stating that “Lumber is zero-rated” and not “exempted” (as indicated in your heading).

We would appreciate that this correction be noted.

Yours faithfully,

Mona Bynoe

Executive Director,

Forest Products Association of Guyana